Venturi Wealth Management LLC Takes Position in Wayfair Inc. (NYSE:W)

Venturi Wealth Management LLC acquired a new stake in shares of Wayfair Inc. (NYSE:W) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,005 shares of the company’s stock, valued at approximately $45,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Tabor Asset Management LP lifted its holdings in shares of Wayfair by 11.3% in the third quarter. Tabor Asset Management LP now owns 156,871 shares of the company’s stock valued at $8,813,000 after purchasing an additional 15,932 shares in the last quarter. Groupama Asset Managment lifted its holdings in shares of Wayfair by 100.0% in the third quarter. Groupama Asset Managment now owns 1,000,000 shares of the company’s stock valued at $56,180,000 after purchasing an additional 500,000 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Wayfair in the fourth quarter valued at $6,799,000. Wellington Management Group LLP lifted its holdings in shares of Wayfair by 22.4% in the third quarter. Wellington Management Group LLP now owns 1,097,822 shares of the company’s stock valued at $61,676,000 after purchasing an additional 201,157 shares in the last quarter. Finally, Cerity Partners LLC purchased a new stake in shares of Wayfair in the third quarter valued at $1,070,000. Institutional investors and hedge funds own 89.67% of the company’s stock.

Wayfair Stock Up 3.6 %

Shares of W stock opened at $42.76 on Wednesday. Wayfair Inc. has a 12-month low of $37.35 and a 12-month high of $76.18. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of -10.64 and a beta of 3.43. The firm has a fifty day moving average of $46.03 and a 200-day moving average of $46.55.

Wayfair (NYSE:W) last announced its earnings results on Thursday, February 20th. The company reported ($0.96) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.01). The company had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.07 billion. Research analysts expect that Wayfair Inc. will post -2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Robert W. Baird reduced their target price on Wayfair from $56.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Mizuho dropped their price target on shares of Wayfair from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Citigroup dropped their price target on shares of Wayfair from $70.00 to $54.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Raymond James set a $60.00 price target on shares of Wayfair and gave the stock a “strong-buy” rating in a research note on Friday. Finally, Loop Capital dropped their price target on shares of Wayfair from $55.00 to $45.00 and set a “hold” rating on the stock in a research note on Friday, February 21st. Fourteen equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Wayfair currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.12.

Insider Buying and Selling

In other news, insider Jon Blotner sold 5,669 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $42.83, for a total transaction of $242,803.27. Following the completion of the transaction, the insider now directly owns 57,899 shares in the company, valued at $2,479,814.17. This represents a 8.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Steven Conine sold 30,000 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $53.14, for a total transaction of $1,594,200.00. Following the completion of the sale, the insider now directly owns 632,573 shares in the company, valued at approximately $33,614,929.22. The trade was a 4.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 164,228 shares of company stock valued at $7,830,018. Company insiders own 23.50% of the company’s stock.

Wayfair Company Profile

Wayfair Inc provides e-commerce business in the United States and internationally. The company offers approximately thirty million products for the home sector. It offers online selections of furniture, décor, housewares, and home improvement products through its sites consisting of Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.